View the pricing and calculations related to our finance and savings products.
Lease Finance
Lease Finance Examples
| Asset Type | Finance Amount | Duration | APR | Installment | Balloon Payment |
|---|---|---|---|---|---|
| Car | 100,000 | 5 Years | 8.91% | 1,770 | 25,000 |
| Car | 100,000 | 3 Years | 9.44% | 2,473 | 30,000 |
| Car | 150,000 | 2 Years | 7.84% | 5,640 | 30,000 |
- The Annual Percentage Rate (APR) is the cost of the credit extended to the consumer by the bank. This rate is usually higher than the profit rate (Flat Rate) as it takes into consideration payment start date and all costs featured in extending that credit namely administrative fees, commission, and insurance cost. Therefore, APR provides a clearer picture of the cost of credit than profit rate.
- The table above and its numbers are an illustrative example only to show the annual percentage rate, which is dependent on six variables (Finance amount, profit rate, Finance tenor and car price and payment start date)
- Administrative fees are either 1% of the amount of finance or 5,000, whichever is less.
- Terms & conditions apply
Finance calculator
Auto Lease Finance Calculator
Auto Lease Finance Calculator
Car Price
Down payment
%
Balloon payment
Final, lump sum paid at the end of a loan's term and can’t exceed 40% of vehicle’s price (except 50/50 program)
%
Repayment term
Monthly Payment
0
The calculated APR is an initial estimate and it is subject to change depending on the final agreed repayment schedule.
APR
0%
The monthly installment indicated is an approximate amount for our valued customers. The due finance amount is calculated based on the client’s existing commitments, monthly income information, and the annual interest rate.
In order to know the final monthly installment amount, please visit the showroom of the desired car dealer and approach SNB’s Lease Finance representative or visit the nearest leasing finance center to you.